Keystone Realtors Limited has informed the Exchange about Credit Rating- New

Rating UpgradedCredit & Debt View source PDF Explain this filing

RUSTOMJEE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+0.0%Reaction day

₹497.00

prior close

₹491.85

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.8%+0.8% vs market

Residential Commercial Projects peers, median of 56sector-2.1%+2.1% vs sector

On the reaction day the stock moved 0.8 pts more than Nifty Microcap 250 and 2.1 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.5

10m

+2.1

15m

+2.7

30m

+3.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.0-0.8+0.8-2.1+2.1

Next day

+0.2-1.0+1.1-2.9+3.1

+3.6+3.6-0.0+2.2+1.4

+3.0+5.3-2.3+2.7+0.3

+5.0+7.0-2.0+4.6+0.4

+4.9+8.1-3.2+5.9-1.0

+3.6+10.2-6.6+9.3-5.7

15d

+4.9+11.8-6.9+8.7-3.9

+9.8+14.6-4.7+19.5-9.7

+30.4+15.3+15.1+19.5+10.9

+16.3+10.2+6.2+9.1+7.3

UpDownMarket · Nifty Microcap 250Sector · Residential Commercial Projects peers, median of 56Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

ICRA has upgraded Keystone Realtors Limited's (brand: Rustomjee) long-term fund-based and issuer rating from ICRA A (Positive) to ICRA A+ (Stable), with the outlook revised from Positive to Stable. The upgrade covers bank facilities worth Rs. 1,000 crore in total, including a Rs. 669.99 crore term loan, Rs. 4.10 crore overdraft, and Rs. 325.91 crore unallocated limits. Lenders involved include Axis Bank, ICICI Bank, Aditya Birla Finance, and Zoroastrian Cooperative Bank. The rating action was assigned on May 6, 2025, and communicated to the exchanges on May 7, 2025.

Likely market impact

This is a positive development for shareholders and lenders, signaling improved creditworthiness and stronger debt servicing capability. A higher rating could translate into lower borrowing costs for the company and reflects confidence in its financial position.